News

July 27, 2009

Oilex Is Now A Different Beast to What It’s Was A Year Ago But Has Considerable Potential Exploration Upside Aussie Broker Hartleys Says

As a child growing up in bomb scarred London in the 1950s, after the Second World War, we used to have a playground game which consisted of us asking our fathers: “What did you do during the war daddy?” There were, of course, all kinds of answers but the best came from one parent who simply said: “I survived”.

 You can kind of paraphrase this question for the some of E & P oil and gas companies which oilbarrel.com specialises in following. I am thinking particularly, at the moment, of Oilex Limited the London and ASX listed junior. Early in 2008 the company said that this would be the year, when this full cycle group thought it would seriously get into business. It portended the possibility of production by year end 2008 from the re-development of its cornerstone Cambay field onshore India,...